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<br />CITY OF LA PORTE, TEXAS
<br />Statement of Cash Flows
<br />Proprietary Funds
<br />For the Year Ended September 30, 2004
<br />CASH FLOWS FROM OPERATING ACTIVITIES
<br />Cash received from user fees
<br />Cash payments to suppliers
<br />Cash payments for personal services
<br />Net cash provided by operating activities
<br />CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
<br />Business -type Activities -
<br />Enterprise Funds
<br />La Porte Area
<br />Utility Airport Water Authority
<br />$ 5,682,988 $ 25,181 $ 986,748
<br />(2,831,342) (21,386) (883,676)
<br />(2,260,403) -
<br />591,243 3,795 103,072
<br />Advance to primary government
<br />-
<br />-
<br />(902)
<br />Operating transfers in from other funds
<br />1,250,000
<br />-
<br />-
<br />Operating transfers out to other funds
<br />(1,892,725)
<br />-
<br />(54,650)
<br />Net cash from noncapital financing activies
<br />(642,725)
<br />(1,073)
<br />(55,552)
<br />CASH FLOWS FROM CAPITAL AND
<br />RELATED FINANCIANG ACTIVITIES
<br />Payments received from participants for debt service
<br />-
<br />-
<br />789,024
<br />Payments received from participants for capital recovery
<br />-
<br />-
<br />86,574
<br />Payments for capital acquisitions
<br />(792,520)
<br />-
<br />-
<br />Proceeds from sale of assets
<br />-
<br />-
<br />-
<br />Principal payments on revenue bonds
<br />(580,000)
<br />-
<br />(405,000)
<br />Interest paid on debt
<br />(71,182)
<br />-
<br />(375,307)
<br />Net cash (used) by capital and related financing activies
<br />(1,443,702)
<br />-
<br />95,291
<br />CASH FLOWS FROM INVESTING ACTIVITIES
<br />Interest on investments
<br />59,030
<br />4,277
<br />21,014
<br />Net Investments (purchased) sold
<br />10,580
<br />(43,420)
<br />(831)
<br />Net cash provided by investing activities
<br />69,610
<br />(39,143)
<br />20,183
<br />Net increase (decrease) in cash and cash equivalents
<br />(1,425,574)
<br />(36,421)
<br />162,994
<br />Balances -beginning of the year
<br />3,745,554
<br />303,852
<br />-
<br />Balances -end of the year
<br />$
<br />2,319,980
<br />$
<br />267,431
<br />$
<br />162,994
<br />Reconciliation of operating Income (loss) to net cash
<br />provided (used) by operating activities:
<br />Operating income (loss)
<br />$
<br />(581,632)
<br />$
<br />(110,037)
<br />$
<br />(13,526)
<br />Adjustments to reconcile operating income to net cash
<br />provided (used) by operating activities:
<br />Depreciation expense
<br />1,231,926
<br />128,543
<br />-
<br />(Increase) decrease in accounts receivable
<br />(92,941)
<br />(7,547)
<br />107,868
<br />(Increase) decrease in inventories
<br />-
<br />-
<br />-
<br />Increase (decrease) in accrued salaries payable
<br />19,229
<br />-
<br />-
<br />Increase (decrease) in accounts payable
<br />23,324
<br />(1,378)
<br />8,730
<br />Increase (decrease) in other current liabilities
<br />-
<br />-
<br />-
<br />Increase (decrease) in customer utility deposits
<br />15,260
<br />-
<br />-
<br />Increase (decrease) in accrued employee separation
<br />(23,923)
<br />-
<br />-
<br />Total adjustments
<br />1,172,875
<br />119,618
<br />116,598
<br />Net cash provided by operating activities
<br />$
<br />591,243
<br />$
<br />9,581
<br />$
<br />103,072
<br />Reconciliation of total cash and cash Investments:
<br />Current Assets - cash and cash equivalents
<br />$
<br />1,261,884
<br />$
<br />268,980
<br />$
<br />115,330
<br />Restricted Assets - cash and cash equivalents
<br />392,052
<br />-
<br />-
<br />Total cash and cash equivalents
<br />$
<br />1,653,936
<br />$
<br />268,980
<br />$
<br />115,330
<br />See accompanying notes to basic financial statements.
<br />42
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